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Difficult Tax Scenarios Add to US Recession Risk
Click here for a printer-friendly version of this article.This piece was originally written for Encima Global.With the market-favorable Fed announcement and German court ruling, we’re at the end of the...
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Q3 GDP Strengthens to 2%, But Is Held Down by Weak Business Investment
This piece was originally written for Encima Global.We think most scenarios for the U.S. election and Europe crisis lead to a global recession in 2013, though there are still some escape valves....
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Is the Fed Slowing Growth?
On Saturday the New York Times had a very interesting write-up (buried on page B6) of Harvard University professor Larry Summers’ Friday panel discussion with Ben Bernanke at a Washington International...
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Economy Stalling Out
We think the global growth outlook is deteriorating due to lack of structural reforms, under-investment and contractionary U.S. monetary policy.Interest rates are set below-market, limiting credit...
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Plugging Along Despite Weakness In Small Business and Labor Dynamism
We think most markets are fully priced waiting for a sense of direction on U.S. and global growth. Recent data has been moderate, beating our expectations. The ISM orders for November were strong, and...
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